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Find all of Josh Bivens’s quotes that have been published in 12 different articles on this page. Josh Bivens’s quotes are organized by date and topic, making it easy for you to compare, for example, what Josh Bivens has said both recently, and in the past, on a variety of topics. Some of the topics Josh Bivens likes to comment on include risk and windfall. Most recently, Josh Bivens said, “The real damage, the people who will lose insurance, are definitely the exchange enrollees.”.

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Josh Bivens quotes

Today's hike seems to signal that Fed policymakers think that we're currently at or very near full employment, and that failing to slow the pace of economic growth in coming months would soon lead to accelerating wage and price inflation. They could be right, of course, but it is important to note that there is little in actual economic data to indicate this.feedback

It's really hard to get a handle on what the underlying trend in the growth rate of productivity is by looking at just the last couple of years. If you start to think about what has been strange about the last five or six years in the economy that has coincided with this deceleration of productivity, it's really obvious: We're still very scarred from the fallout from the Great Recession.feedback

The key thing is that the asymmetry of risks of being wrong on this issue weighs in really strongly on the policy point of trying to boost growth more. If I'm wrong, and we're really locked in an era of low productivity ... we;ll get a couple years of inflation. But we've just had six years of below-target inflation, so it's really hard to see a downside in aggressively going for growth in the next couple of years.feedback

There's a strong statistical relationship between real wage growth starting to pick up and businesses starting to get serious about investing in productivity enhancing technology. I find it ironic that on the one hand, you read the economic statistics about how slow productivity growth is and how weak capital investments is. Then at the same time, you'll read a lot of stories about how we should be worried about robots putting a lot of pressure on jobs. Those are diametrically opposed. You really have to pick one or the other to worry about.feedback

I don't care if the cross-subsidy comes from taxes that go into a state stabilization fund for high-risk pools, or if that means the premium that I have to pay is higher. If we are seriously going to take care of the high-risk people, we are going to pay either way.feedback

It would be easy to imagine a country with a trade surplus that ran large budget deficits – that's clearly happened in the past. My guess that right now Germany has a small budget deficit even though they're running big trade surpluses.feedback

A big chunk of the national debt was incurred because of the economic crisis. As the economy just cratered in 2008, 2009, and 2010, tax collection just cratered along with it, and [then with spending on] automatic stabilizers like unemployment insurance, food stamps, and some legislation like the Recovery Act, there was a large increase in the national debt over those years.feedback

Today's decision seems to indicate that the Fed is on autopilot to raise rates, regardless of what the data argue. This will lead quite soon to a pronounced slowdown in economic activity and job growth, and could essentially mean that we never manage to achieve genuine full employment or give American workers a real chance at sustained, durable wage growth.feedback

The last decade should have shown us that the political system severely controls the tools that policymakers have to fight recessions. I see the higher inflation target as one of these buffers.feedback

If we start tightening up too early and we never see sustained upward wage pressure, I think we could really lock in slow productivity growth. That would just be yet another bad scar of the Great Recession that we didn't need to tolerate.feedback

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The president's address to the leaders of more than 50 Arab and Muslim nations was a historic turning point that people will be talking about for many years to come. He did exactly as he promised in his inaugural address: united the civilized world in the fight against terrorism and extremism.